A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
The vast majority of stock price is future earnings expectations, not just over the next year but over several years. If the market thinks the profits are coming, it can go higher. I also don’t think this is worse than the dot com bubble in terms of valuations. It’s well into bubble territory though and will eventually pop. But S&P 500 may or may not go to 8000 first.
The vast majority of stock price is future earnings expectations, not just over the next year but over several years. If the market thinks the profits are coming, it can go higher. I also don’t think this is worse than the dot com bubble in terms of valuations. It’s well into bubble territory though and will eventually pop. But S&P 500 may or may not go to 8000 first.